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Re: ADX indicator(s) - metatrader

#211
mntiwana wrote:
Sun Nov 11, 2018 4:23 am
pacois wrote:
Sun Nov 11, 2018 4:08 am


Hello to all of you experts and no, a naive question from the inexperienced amateur code mql4: in every indicator occurs the situation in red, possible that no indicator can avoid it? Thanks.
Sorry,i did not pick your question,can you please explain more
The indicator shows an upward or downward trend, instead the price keeps going down or going up, this situation occurs in every indicator, I hope that google translator has translated well.Thanks.
The perfect indicatoris our head ...

Too many indicators confuse the head


Re: ADX indicator(s) - metatrader

#212
pacois wrote:
Sun Nov 11, 2018 4:41 am
The indicator shows an upward or downward trend, instead the price keeps going down or going up, this situation occurs in every indicator, I hope that google translator has translated well.Thanks.
The Google Translator isn't the issue.

You don't understand the up peak of the indicator in a steady bearish situation? Is that correct?

Re: ADX indicator(s) - metatrader

#213
Krelian99 wrote:
Sun Nov 11, 2018 8:13 am
pacois wrote:
Sun Nov 11, 2018 4:41 am
The indicator shows an upward or downward trend, instead the price keeps going down or going up, this situation occurs in every indicator, I hope that google translator has translated well.Thanks.
The Google Translator isn't the issue.

You don't understand the up peak of the indicator in a steady bearish situation? Is that correct?
simply the indicators show a tendency, but sometimes or often the price takes a contrary direction.
download/file.php?id=3336530&mode=view
The perfect indicatoris our head ...

Too many indicators confuse the head

Re: ADX indicator(s) - metatrader

#214
First of all, every indicator follows the price, not contrariwise. It looks to me like you're mistaking that - if not sorry. An indicator interprets the price evolution of the last x bars. You must know how an indicator do that so you understand the pros and cons of it and why it behaves in certain situations. That what you described is a normal behaviour of a momentum indicator in long steady trends (longer than the period is). You can't change it (a higher period doesn't fix the issue) and it isn't necessary at all. Use the weakness as a stregth. You can use the divergences given that way for entries or sureness that the market goes further down - swing trading. Remind not to use momentum indis in trends and not to use MAs in range markets.

Re: ADX indicator(s) - metatrader

#215
Krelian99 wrote:
Sun Nov 11, 2018 9:22 am
First of all, every indicator follows the price, not contrariwise. It looks to me like you're mistaking that - if not sorry. An indicator interprets the price evolution of the last x bars. You must know how an indicator do that so you understand the pros and cons of it and why it behaves in certain situations. That what you described is a normal behaviour of a momentum indicator in long steady trends (longer than the period is). You can't change it (a higher period doesn't fix the issue) and it isn't necessary at all. Use the weakness as a stregth. You can use the divergences given that way for entries or sureness that the market goes further down - swing trading. Remind not to use momentum indis in trends and not to use MAs in range markets.
A little extension to what honey Tobi explained
all indicators displaying differently according the math and their nature - lower/higher values (say it periods or numbers of bars in calculation) of an indicator force the indicator to display differently depends on the values how far from each other - then TFs also reflect on displaying/forming an indicators - then nature of an indicator also resulting the display of that indicator
that is why thousand and thousand indicators are coded almost of every type and countless variations plus extended features that a users can mold any indicator where it needed,now it is users choice what suits them or their strategy
Bundles of thanks to pretty coders for their knowledge and creative intellectual mind and fair contribution to traders community


Re: ADX indicator(s) - metatrader

#218
DMI
Some times i confused with "DMI"
is it directional movement index or dynamic momentum index,i read both descriptive names but experts can explain better
Attachments
GBPUSDM1.png
GBPUSDM1-2.png
p.png
DMI.mq4
(6.92 KiB) Downloaded 8 times
DMI.ex4
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Re: ADX indicator(s) - metatrader

#220
chandes dmi
Mladen : It is adaptive,and since it is using rsi in calculation,decided to see what will happen if rsi replaced with rsx,here is the result,it is smoother,which was to expect it since rsx is smoother than rsi and that way some false signals are filtered out,so we have one more adaptive indicator here a bit improved
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Some embellishments added as well as closeable levels,for level crossing color change
Attachments
chandes_dmi_.gif
EURUSDM15.png
s (2).png
chandes dmi.mq4
(15.09 KiB) Downloaded 13 times
chandes dmi.ex4
(25.34 KiB) Downloaded 7 times


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